The post Elizabeth Masiyiwa Appointed On Econet Wireless Board Of Directors appeared first on Provoker Magazine.
]]>The telecoms company made the announcement in a statement on their official website. Elizabeth has worked as a senior executive for various organisations including Higherlife Foundation where she is the head of Design and Innovation.
She is also a social entrepreneur and philanthropist, also serves on the board of the Harvard University Leadership Council for the Centre of African Studies.
Recently her father Strive Masiyiwa recently stepped down from the Econet board. With this recent development in mind, one can say Strive simply replaced himself with his daughter and he will still have an influence and an ear on what goes on within the company.
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]]>The post Jonathan Moyo Calls Strive Masiyiwa A Bond Note Billionaire…Again appeared first on Provoker Magazine.
]]>A Twitter subscriber named Mhofu Tweeted about the outrageous prices displayed at an Econet shop in Avondale saying:
“Crazy pricing!!
Econet Shop – Avondale sells an iPhone 13 Pro 256GB for US$3975 – almost $4000.
Apple retails this phone for $1099.
Econet is selling it for nearly 4 times it’s retail price.
Apple retails the iPhone 12 for $599 while Econet sells it for $2197.”
The former minister of Higher & Tertiary Education, Science & Technology Development responded to the Tweet
“Only for some people to fall on each other to worship a bondnote billionaire, as if they don’t know how he makes his billions!”
Many people came to Strive Masiyiwa’s defence calling the Prof a bitter man and advising him to focus on other issues like fighting the government. The focus of the Tweet quickly turned from the ridiculous prices of the gadgets to the jealous tones in Prof Moyo’s words.
Strive Masiyiwa is dubbed the richest businessman in Zimbabwe with a net worth of 3 Billion USD. It’s not difficult to see why with the pricing of the gadgets at the Econet shop.
Although Prof Moyo may have thrown a blow by calling him a bond note billionaire, the second half of his tweet hints at the fact that Strive Masiyiwa makes most of his money from overpriced goods and services. Gadgets aside, Econet Wireless is also known for overpriced tariffs and data bundles.
Many people tried to justify the pricing by saying that the gap between the bank rates and parallel market rates is what causes companies to price unfairly. The US dollar has the same value everywhere so that does not justify a phone costing four times its recommended retail price. If anything the RTGS price should be the unstable one since it changes all the time.
Only for some people to fall on each other to worship a bondnote billionaire, as if they don't know how he makes his billions!
— Prof Jonathan Moyo (@ProfJNMoyo) March 31, 2022
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]]>The post Strive Masiyiwa Leaves Econet, The Company He Founded appeared first on Provoker Magazine.
]]>Strive has served on the board since the founding of Econet although he has not been based in Zimbabwe for many years.
The statement released by Econet was not clear as to why Strive Masiyiwa is stepping down. Recently he was appointed as a member of the Bill and Melinda Gates Foundation board. This could mean that he has a lot on his plate and he is confident of the current leadership at Econet Wireless.
Strive Masiyiwa remains a major shareholder meaning he still has control of the board. The decision to retire from the board is with effect from the 1st of February.
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]]>The post Strive Masiyiwa’s Cassava Technologies To Become Africa’s Saving Grace appeared first on Provoker Magazine.
]]>Cassava Technologies
This new entity, whose headquarters are in London, will bring together Econet’s digital services and infrastructure businesses. This includes the brands we’ve come to know such as Liquid Intelligent Technologies, Africa Data Centres and Distributed Power Technologies, Liquid Cloud, Sasai Fintech and Vaya Technologies.
Cassava’s Aim
Internet in Africa is not as easily accessible as in other developed nations. In addition to it not being available in some remote areas, the cost of data is high in Africa. This makes it difficult for the continent to make the same developmental strides that other nations outside the continent have been able to. Things as basic as education have been difficult to access in Zimbabwe during covid 19 induced lockdown periods for many students. This is as a result of the high costs of data for online lessons. However, many children who attend private schools didn’t miss out very much on their education as they could afford the high costs. Unfortunately, that’s just a small percentage of the whole country.
Cassava Technologies sees a vision of a better Africa than the one described by the challenges above.
Strive Masiyiwa has previously shared his vision for Africa with regards to internet access and associated developments. He believes in making internet services as affordable as Cassava for all in order to create equal opportunities.
The Group already operates various businesses in Africa under the names, Econet Wireless Zimbabwe, Econet LEO (Burundi), Econet Telecom Lesotho, Econet’s investment in Mascom Wireless Botswana, and Econet’s mobile money business, EcoCash Holdings Zimbabwe.
The group proves to be working towards fulfilling their vision since a deal is said to have already been secured to bring cheap internet to Central African countries.
Statement From Cassava Technologies’ CEO
We already shared the founder and Chairman of this new entity, Strive Masiyiwa’s vision for Africa, however, the CEO of the entity, Hardy Pemhiwa had sentiments of his own to share. The showed how Cassava Technologies will work towards Africa’s advancement.
He said:
“We are delighted to announce the launch of Cassava Technologies. Our unmatched fiber broadband, data centres and renewable energy infrastructure, paired with fintech, cloud, cybersecurity, and on-demand digital platforms, will accelerate Africa’s digital transformation.”
Zimbabweans are often complaining about the high prices of data especially by Econet. Myself as a Zimbabwean, am already impatiently waiting for our turn to receive cheap, fast and easily accessible internet access in the country.
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]]>The post Mbinga yedu, Strive Masiyiwa secures deal with Facebook to provide cheap internet to DRC and other Central African countries appeared first on Provoker Magazine.
]]>Masiyiwa was soo proud of the achievement that he took to his Facebook page to share the exciting news. There is no denying that this is yet another huge milestone for the serial entrepreneur.
He shared the following sentiments:
“To this end, today I am excited to share the news that Liquid Intelligent Technologies and Facebook have agreed to partner to build a fibre network in the Democratic Republic of Congo (DRC) to help connect East and West Africa by land. This partnership will improve internet access for more than 30 million people across Central Africa!
Liquid Intelligent Technologies is a subsidiary of Econet Global. The partnership between Econet’s subsidiary company and Facebook came into play as a result of Masiyiwa’s vision of a digitally connected Africa with cheap internet access. His aim is that all citizens can have affordable access to use new technologies with the potential to improve their quality of life, create businesses and open up more prosperous opportunities to build Africa’s century.
No doubt, Zimbabwe will be patiently waiting for its turn since we are known for our data prices. These expensive data prices even landed Zimbabwe first on the list of most expensive mobile data in 2019, according to a 2019 report by Cable.
Currently, the cost of accessing the internet is still too high for the average citizen with Econet being deemed the most expensive. The complaints against Econet even got so much that controversial journalist Hopewell Chinono had to set Zimbabwean citizens straight in that regard.
What are your thoughts?
Let us know in the comment section below.
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]]>The post Dear Christians, Your anger is not justified: Strive Masiyiwa appeared first on Provoker Magazine.
]]>The post Dear Christians, Your anger is not justified: Strive Masiyiwa appeared first on Provoker Magazine.
]]>The post This is the best thing you can do for your business: Strive Masiyiwa appeared first on Provoker Magazine.
]]>The post This is the best thing you can do for your business: Strive Masiyiwa appeared first on Provoker Magazine.
]]>The post Econet Wireless boss (not Strive Masiyiwa) publishes a book depicting success appeared first on Provoker Magazine.
]]>Why is Mboweni a good person to learn from?
Well, he has quite the noteworthy CV. Mboweni succeeded Strive Masiyiwa as Chief Executive of Econet in 2002. He has been in that position ever since.
Mboweni further developed his business acumen by studying toward a PHD in Business Leadership. He graduated in 2019.
These are just but a few of his accomplishments that makes the knowledge he is delivering in the book valuable. The book, “The Dusty Road to Success: Principals of an ordinary life” is now available on Amazon.
View the book cover below:
In the book, he shares the story of his journey from childhood to college to employment then finally to the role of leading telecommunications company, Econet.
The 140 page book is published by Porcupine Press in South Africa and is being distributed by Empowering Generations.
What are your thoughts?
Let us know in the comment section below.
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]]>The post Is it even necessary to educate the African girl child? : Strive Masiyiwa speaks appeared first on Provoker Magazine.
]]>The post Is it even necessary to educate the African girl child? : Strive Masiyiwa speaks appeared first on Provoker Magazine.
]]>The post Strive Masiyiwa becomes Zimbabwean once again! appeared first on Provoker Magazine.
]]>Masiyiwa started of his year on a high note when he was featured in the 2021 Forbes Billionaires List. If you religiously follow this list you might know that this wasn’t the first time he made it to the list. However, this year’s list caused havoc as they identified the billionaire as British. We covered that sensitive issue here.
Recently, Strive flew the flag high once again. Not the Zimbabwean flag but rather the British flag. UK’s Rich List 2021 was published and for the first time since 1989 the list features a black person. Yes, you guessed it, that black person is Strive Masiyiwa. Once again, he was identified as British and Zimbabweans were hurt. We shared that issue in this article.
Strive Masiyiwa has corrected that error. In a reply to one of his Facebook followers who congratulated him for being the first British black billionaire on the Rich List he stated:
“Thank you, Joseph. Just one correction; I’m not British, I’m Zimbabwean. The article simply said the first black billionaire to live in Britain. There are many billionaires on the list who are residents of the UK, but not British citizens. To suggest that I’m British simply because on the list of a UK newspaper is the same as I’m an American since I have long appeared on the list of Forbes Magazine”
So, don’t you fret Zimbabweans, the billionaire is still yours.
What are your thoughts?
Let us know in the comment section below.
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